Top 15 Video Analytics Companies in the World

The global video analytics market size reached US$ 7.3 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the video analytics industry are dealing with a surging demand due to rising security and safety concerns among the masses. They are also focusing on developing and launching video analytics-as-a-service models to assist businesses. Key companies are offering fully integrated end-to-end solutions powered by artificial intelligence (AI) and machine learning (ML), including advanced infrastructure and software knowledge, for a single operational fee. They are also investing in developing video content analytics software platforms that can assist in quick investigation and making informed decisions that drive safety and security by presenting real-time alerts and the ability to search and filter videos. Besides this, they are focusing on developing cloud-based video analytics software, which is appropriate for small and medium-sized enterprises (SMEs) and startups. Looking forward, the market to reach US$ 29.1 Billion by 2032, exhibiting a growth rate (CAGR) of 16.1% during 2024-2032.

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List of Top Companies Operating in the Video Analytics Industry Worldwide:

The global video analytics market has several major players, including Irisity AB (publ), AllGoVision Technologies Pvt., Aventura Technologies, Inc., Motorola Solutions, Inc., Axis Communications AB, Cisco Systems, Inc., Gorilla Technology Inc., Honeywell International Inc., International Business Machines Corp., Nortek Security & Control LLC, Intelligent Security Systems Corp., Genetec Inc., PureTech Systems Inc., Hexagon AB, and Verint Systems, Inc. More information about these companies has been provided below.

1. Irisity AB (publ)

Irirsity AB (publ) offers AI-powered video analytics solutions that are built on advanced technological concepts and safe anonymization techniques that ensure privacy and data protection. The company focuses on delivering the highest accuracy levels in the most challenging environment. It also offers seamless automated backups for both cloud and on-premises environments, along with camera health monitoring services. The company has acquired Agent Video Intelligence Ltd. and through the acquisition of both companies, it plans to present a broad range of software and software-as-a-service (SaaS) solutions for the automatic analysis of surveillance footage and real-time video streams.

2. AllGoVision Technologies Pvt. Ltd

AllGoVision Technologies Pvt. Ltd is a top provider of video analytics and manufactures innovative and renowned video analytics solutions. The company manufactures video analytics services, which are equipped with an extensive range of basic and advanced features and find varied applications in traffic surveillance, building surveillance, city surveillance, and business intelligence in various sectors. It has dedicated itself to the research and development (R&D) of products with the right mix of in-house image processing expertise and skilful engineers.

3. Aventura Technologies, Inc.

Aventura Technologies, Inc. is an innovative manufacturer, designer, and distributor of hardware and software products. The company also provides peripheral solutions for government, military, and enterprises. It specializes in the manufacturing of high-quality auto-tracking security cameras, bird box cameras, and PTZ cameras. 

4. Motorola Solutions, Inc.

Motorola Solutions, Inc is one of the leading video security and access control service providers that combines vision with artificial intelligence (AI) to recognize important things. The company also specializes in manufacturing fixed video and physical security cameras, in-car cameras, license plate recognition camera systems, body-worn cameras, and various other products. Furthermore, it provides various tools and services to numerous industries, including hospitality, manufacturing, military and defense, mining, oil and gas, and transportation sectors.

5. Axis Communications AB

Axis Communications AB specializes in combining intelligent technology and human imagination in building solutions based on sight, sound, and analytics. The company also provides perimeter and area security and enables users to add network audio to their video surveillance system to proactively deter unwanted activities and enhance security. It focuses on developing scalable, easy-to-integrate products for strengthening security and video surveillance.

6. Cisco Systems, Inc.

Cisco Systems, Inc. specializes in providing innovative products and solutions associated with home networking, IP telephony, optical networking, security, storage area networking, and wireless technology. The company focuses on building long-lasting customer partnerships, working together to fulfil their requirements and fuel their success. In addition, it enables businesses to protect their entire ecosystem from cloud applications to IoT with one integrated platform.

7. Gorilla Technology Inc.

Gorilla Technology Inc. provides top-quality AI Solutions across all industries along with innovative and strong tools to protect people and data around them. The company also specializes in offering Internet of Things (IoT) analytics which are tailored to meet various unique business needs and various robust OT security solutions leveraging AI and machine learning. It provides smart attendance systems which enable enterprises to easily track employee health and safety and various other aspects, such as work hours, clock in and outs, and absenteeism.

8. Honeywell International Inc.

Honeywell International Inc. is an engineering and technology company that focuses on providing tools and services in aerospace, travel, building technologies, and a lot more. The company also specializes in the manufacturing and distribution of industrial chemicals and materials, advanced sensing technologies, and electrical safety maintenance solutions and tools. It develops innovative healthcare solutions that can help hospitals simplify day-to-day tasks, optimize processes, and enhance operational safety.

9. International Business Machines Corp.

International Business Machines Corp. is an IT technology and consulting company that focuses on providing computer hardware, software, infrastructure, and hosting services. The company also specializes in business automation, decision management, cloud cost management, and enterprise content management. Besides this, it offers a wide variety of security maintenance solutions, including cloud security, data security, insider threat management, and XDR.

10. Nortek Security & Control LLC

Nortek Security & Control LLC focuses on manufacturing HVAC systems that keep indoors comfortable year round. It also commits to building efficient and sustainable products and solutions that improve the living standards of its customers and maintain sustainability in the environment. The company creates data center cooling equipment that reduces the environmental and physical impact of various large-scale data centers.

11. Intelligent Security Systems Corp.

Intelligent Security Systems Corp. specializes in the development and marketing of the most powerful video and analytics management system in the world. The company has extensive knowledge of video intelligence and data awareness solutions. It also has a portfolio consisting of more than 25 patents and trademarks and provides scalable, secure, and robust platforms for end-to-end security solutions.

12. Genetec Inc.

Genetec Inc. builds physical security solutions that allow their customers to see, understand, and know their environment efficiently. The company focuses on providing tools and solutions across numerous industries, including retail, education, energy, healthcare, and Banking sectors. It also specializes in developing open-platform software, hardware, and cloud-based services for the security and public safety industry.

13. PureTech Systems Inc.

PureTech Systems Inc. provides comprehensive, easy-to-integrate, and reliable AI-enabled geospatial video analytics and sensor fusion software solutions. The company also specializes in the manufacturing and distribution of cutting-edge software which turns ordinary security cameras and other sensors into highly accurate, autonomous, and scalable water intrusion detection systems. It effectively empowers its clients to protect their assets and critical infrastructure with robust solutions at affordable costs.

14. Hexagon AB

Hexagon AB is a leading technology company that created a portfolio of digital reality solutions combined with sensor software and autonomous technologies that propel the power of data to enhance the world for the better. The company invests in R&D to maintain leadership in innovation and drive organic growth. It also creates, captures, and delivers value across two mega ecosystems, including people and production.

15. Verint Systems, Inc.

Verint Systems, Inc. provides assistance to various iconic brands in building customer relationships by connecting work, data, and experiences across the enterprise. The company also focuses on offering fraud and security solutions that enable financial institutions to identify risks and vulnerabilities in real-time. It specializes in harnessing conversational AI and low-code approaches to scale customer conversations.

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